IDEC8016 Microeconomic Analysis and Policy
| Offered By | International and Development Economics Program |
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| Academic Career | Graduate Coursework |
| Course Subject | International and Developmental Economics |
| Offered in | First Semester, 2009 and First Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
Microeconomic Analysis and Policy is a course in modern microeconomic theory at a Graduate Diploma level. It is designed for the dual purposes of giving students a solid grasp of the basic microeconomic theory and a sound understanding of its potential applications in important policy areas such as education, environment and price regulation. It addresses the broad methodological topics of consumption theory, production theory, theories of the competitive market, non-competitive markets, game theory and general equilibrium theory.
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| Learning Outcomes | On satisfying the requirements for this course, students will have the knowledge and skills to set-up and analyse microeconomic problems. Students will also be equipped with basic understanding of the important role that Microeconomics plays in formulating and analyzing important policies. |
| Indicative Assessment |
Problem solving is an integral part of the learning process in economics. Tutorial sheet will be distributed on a regular basis and solutions will be discussed in the tutorial class. Students should attempt the questions before attending the tutorial. Preparatory notes are required to be submitted at the beginning of each tutorial. These notes will be taken into consideration for borderline cases at the end of the course. Other proposed form of assessments is a mid-semester examination and a final examination. Both are closed-book examinations.
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| Workload | Three hours and a half contact hours per week, including 2.5 lecture hours and one hour tutorial. On average, students are expected to spend six to seven hours on average outside of contact hours to complete the course. |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. |
| Areas of Interest | Economics |
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Assumed Knowledge and Required Skills |
Knowledge in calculus and optimization will be helpful |
| Prescribed Texts |
Varian, H.R. (2006). Intermediate Microeconomics: A Modern Approach, 7th edition, New York, Norton. Nicholson, W. and C. Synder (2007). Microeconomic Theory: Basic Principles and Extensions, 10th edition, South-Western/Thomson Learning. |
| Preliminary Reading |
Hoy, M., J. Livernois, C. McKenna, R. Rees and T. Stengos (2001). Mathematics for Economics, 2nd edition, MIT Press. Textbooks for the course |
| Programs | Graduate Certificate in International and Development Economics, Graduate Diploma in Economics of Development, Graduate Diploma in Environmental and Resource Economics, and Graduate Diploma in International and Development Economics |
| Other Information |
Delivery Mode: The course will be delivered on campus with material posted in the on-line. |
| Academic Contact | Dr Amy Y.C Liu |
The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.
